Property profile

8530 Grand Ave River Grove, IL 60171

OFF-MARKET
Residential income homes
Property ID
US28-2639848
4,400 SF 0.09 ac lot Built 1964
Entity Owned 8-yr Hold
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Property summary

AI-generated overview

This exceptional commercial property, located at 8530 Grand Avenue in River Grove, Illinois, 60171, presents a fantastic opportunity for businesses seeking a high-visibility location. The single-tenant storefront boasts approximately 950-1000 square feet of versatile space, suitable for a variety of uses, including retail, office, or professional services. Its modern layout provides an efficient and attractive environment for any business. The property's strategic location offers convenient access to major roadways, ensuring easy commutes for employees and customers. Furthermore, its proximity to the train station (less than half a mile away) provides excellent public transportation access, enhancing its appeal and accessibility. This prime commercial space is situated in a bustling area, guaranteeing high foot traffic and excellent exposure for your business. The property is ideal for small to medium-sized ventures seeking a well-located and functional space to establish or expand their operations. This is a rare opportunity to secure a highly desirable commercial property in a thriving community.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,400 SF
Lot 0.09 ac (3,750 SF)
APN 12-26-302-013
UPID US28-2639848

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon

Location

8530 Grand Ave River Grove, IL 60171-3125
River Grove metro Census 811100 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k

Owner & transaction history

since 2017
1 recorded transaction
2017
$285,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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